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PRIVATE home prices fell one per cent in the fourth quarter of 2014 over the previous quarter, higher than the 0.7 per cent decline in Q3 2014, based on the Urban Redevelopment Authority's (URA) flash estimates released on Friday.

PHOTO: BLOOMBERG

PRIVATE home prices fell one per cent in the fourth quarter of 2014 over the previous quarter, higher than the 0.7 per cent decline in Q3 2014, based on the Urban Redevelopment Authority's (URA) flash estimates released on Friday.

For the whole of last year, the index eased 4 per cent - contrasting with a 1.1 per cent rise in 2013.

URA said prices of non-landed private homes fell in all three geographical segments in Q4. In Core Central Region (CCR), prices fell 0.9 per cent in Q4 2014, higher than the 0.8 per cent drop in the previous quarter. CCR covers the Downtown Core planning area, Sentosa and the traditional districts 9, 10 and 11.